What the battle for Hargreaves Lansdown says about the state of UK PLC

All the drama of a private equity takeover, plus a truculent founder and a grumpy shareholder letter

Hello Rainmakers,

We’ve got a robust read for you this week, which is designed to shed some light on the private equity takeover of financial services success story Hargreaves Lansdown.

Our editor on the ground in the South West, Michael Ribbeck, keeps a close eye on the business founded in a spare room in the posh suburb of Clifton.

It’s a story with real sauce and intrigue, and two founders who aren’t short of an opinion, including one calling their successors “useless”.

You can almost imagine Brian Cox adopting a Lancashire accent to play Peter Hargreaves in Succession 2.

Hope you enjoy it.